The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Costco Co.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtRelative Strength Index and Lane's Stochastic are strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are strongly overboughtThe price is above the upper Bollinger Band
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It was a fourth consecutive positive week for the Costco Co. (COST). During the week, the COST gained 8.33 points, or 3.57%, and closed at 241.46 on Friday, September 07, 2018. Weekly volume was -13% below average.

Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on May 24, 2000 at 25.94 and reached 242.95 on September 7, 2018. COST gained -217.01 points, or -836.58%, in 954 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.45) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See COST medium-term trend chart]
A medium-term uptrend had started on September 19, 2008 at 30.70 and reached 242.95 on September 7, 2018. COST gained -212.25 points, or -691.37%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (169.43) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Relative Strength Index and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See COST short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 175.79 and reached 242.95 on September 7, 2018. COST gained -67.16 points, or -38.20%, in 210 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (223.40) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index and Lane's Stochastic.

The daily MACD line is above its signal line since August 17, 2018. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.83
Strong Overbought
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 94.38
Strong Overbought
Greed/Fear Indicator (GFI) 88.28
Overbought
Moving Average Converg./Diverg. (MACD) 4.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.62
Strong Overbought
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 91.56
Strong Overbought
Greed/Fear Indicator (GFI) 84.60
Overbought
Moving Average Converg./Diverg. (MACD) 9.30
Trading Signals
Description Value Chart
Daily Stochastic Crossing 242.19
Price 241.46
Upper Bollinger Band 241.18
Weekly Stochastic Crossing 240.62
Parabolic System 235.16
20 Day Moving Average 229.06
Weekly Trendline Support 223.40
50 Day Moving Average 221.30
Weekly Trendline Resistance 218.75
Lower Bollinger Band 218.64
Quarterly Trendline Resistance 204.58
Sector and Industry
Description Name Rank
Sector Services 7
Industry Discount Variety Stores 119
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 180.83
Low Date 03/23/2018
High 242.95
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 218.75
Support 223.40
Low 175.79
Low Date 02/09/2018
High 242.95
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.00
Low Date 07/21/2017
High 242.95
High Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 204.58
Support 169.43
Low 30.70
Low Date 09/19/2008
High 242.95
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 122.20
Support 36.45
Low 25.94
Low Date 05/24/2000
High 242.95
High Date 09/07/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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